Dan_Moore comments on Funnel plots: the study that didn't bark, or, visualizing regression to the null - Less Wrong
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If the statistical significance of the studies are valid, then it's quite unlikely that the lines would cross the x-axis. What Ionnidis is demonstrating is an overstatement of effect size in the initial studies.
Also, Yvain's point that a cumulative odds ratio graph is different from a generic funnel plot.